The bullish rally on the U.S. stock market | 20 Julio 2020

USDJPY trading plan:

The bullish rally on the U.S. stock market will have a positive impact on the value of USDJPY. Positive macroeconomic statistics from the United States are forcing investors to increase their long positions in the stock market. Housing starts increased 17.3% to a seasonally adjusted annual rate of 1.186 million units last month, the Commerce Department said. The percentage increase was the largest since October 2016. Data for May was revised up to a 1.011 million-unit pace from the previously reported 974,000. Builders reported increased demand for single-family homes in lower density markets, including small metro areas, rural markets and large metro suburbs.

Trading recommendation: Buy 107.01 and take profit 107.37.